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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and RBC Bearings INC (RBC). Click either name above to swap in a different company.
RBC Bearings INC is the larger business by last-quarter revenue ($461.6M vs $414.7M, roughly 1.1× BILL Holdings, Inc.). RBC Bearings INC runs the higher net margin — 14.6% vs -0.6%, a 15.2% gap on every dollar of revenue. On growth, RBC Bearings INC posted the faster year-over-year revenue change (17.0% vs 14.4%). BILL Holdings, Inc. produced more free cash flow last quarter ($103.8M vs $99.1M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs 5.6%).
BILL Holdings, Inc. is an American company based in San Jose, California, that provides automated, cloud-based software for financial operations for small businesses in the United States. A white-labeled, end-to-end payments automation platform, Bill.com Connect is offered to financial institutions as part of their single sign-on online business banking ecosystem.
Dover Corporation is an American conglomerate manufacturer of industrial products. The Downers Grove, Illinois-based company was founded in 1955. As of 2021, Dover's business was divided into five segments: Engineered Products, Clean Energy and Fueling, Imaging & Identification, Pumps & Process Solutions and Climate and Sustainability Technologies. Dover is a constituent of the S&P 500 index and trades on the New York Stock Exchange under the symbol DOV. Dover was ranked 448 in the 2024 Fortu...
BILL vs RBC — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $461.6M |
| Net Profit | $-2.6M | $67.4M |
| Gross Margin | 79.8% | 44.3% |
| Operating Margin | -4.4% | 22.3% |
| Net Margin | -0.6% | 14.6% |
| Revenue YoY | 14.4% | 17.0% |
| Net Profit YoY | -107.7% | 16.4% |
| EPS (diluted) | $-0.03 | $2.13 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $414.7M | $461.6M | ||
| Q3 25 | $395.7M | $455.3M | ||
| Q2 25 | $383.3M | $436.0M | ||
| Q1 25 | $358.2M | $437.7M | ||
| Q4 24 | $362.6M | $394.4M | ||
| Q3 24 | $358.4M | $397.9M | ||
| Q2 24 | $343.7M | $406.3M | ||
| Q1 24 | $323.0M | $413.7M |
| Q4 25 | $-2.6M | $67.4M | ||
| Q3 25 | $-3.0M | $60.0M | ||
| Q2 25 | $-7.1M | $68.5M | ||
| Q1 25 | $-11.6M | $72.7M | ||
| Q4 24 | $33.5M | $57.9M | ||
| Q3 24 | $8.9M | $54.2M | ||
| Q2 24 | $7.6M | $61.4M | ||
| Q1 24 | $31.8M | — |
| Q4 25 | 79.8% | 44.3% | ||
| Q3 25 | 80.5% | 44.1% | ||
| Q2 25 | 80.8% | 44.8% | ||
| Q1 25 | 81.2% | 44.2% | ||
| Q4 24 | 81.6% | 44.3% | ||
| Q3 24 | 82.0% | 43.7% | ||
| Q2 24 | 81.0% | 45.3% | ||
| Q1 24 | 83.0% | 43.1% |
| Q4 25 | -4.4% | 22.3% | ||
| Q3 25 | -5.2% | 21.5% | ||
| Q2 25 | -5.8% | 23.2% | ||
| Q1 25 | -8.1% | 23.0% | ||
| Q4 24 | -6.0% | 21.7% | ||
| Q3 24 | -2.1% | 21.6% | ||
| Q2 24 | -6.5% | 24.0% | ||
| Q1 24 | -8.6% | 22.8% |
| Q4 25 | -0.6% | 14.6% | ||
| Q3 25 | -0.7% | 13.2% | ||
| Q2 25 | -1.8% | 15.7% | ||
| Q1 25 | -3.2% | 16.6% | ||
| Q4 24 | 9.3% | 14.7% | ||
| Q3 24 | 2.5% | 13.6% | ||
| Q2 24 | 2.2% | 15.1% | ||
| Q1 24 | 9.8% | — |
| Q4 25 | $-0.03 | $2.13 | ||
| Q3 25 | $-0.03 | $1.90 | ||
| Q2 25 | $0.02 | $2.17 | ||
| Q1 25 | $-0.11 | $2.33 | ||
| Q4 24 | $-0.06 | $1.82 | ||
| Q3 24 | $0.08 | $1.65 | ||
| Q2 24 | $0.37 | $1.90 | ||
| Q1 24 | $0.00 | $1.92 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.1B | $107.6M |
| Total DebtLower is stronger | $1.8B | $990.2M |
| Stockholders' EquityBook value | $3.8B | $3.3B |
| Total Assets | $10.1B | $5.1B |
| Debt / EquityLower = less leverage | 0.48× | 0.30× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $107.6M | ||
| Q3 25 | $1.1B | $91.2M | ||
| Q2 25 | $1.0B | $132.9M | ||
| Q1 25 | $1.0B | $36.8M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $853.5M | — | ||
| Q2 24 | $985.9M | $76.8M | ||
| Q1 24 | $952.5M | $63.5M |
| Q4 25 | $1.8B | $990.2M | ||
| Q3 25 | $1.9B | $1.1B | ||
| Q2 25 | $1.7B | $915.6M | ||
| Q1 25 | $1.7B | $920.1M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $914.8M | — | ||
| Q2 24 | $914.0M | — | ||
| Q1 24 | $1.1B | $1.2B |
| Q4 25 | $3.8B | $3.3B | ||
| Q3 25 | $3.9B | $3.2B | ||
| Q2 25 | $3.9B | $3.1B | ||
| Q1 25 | $3.9B | $3.0B | ||
| Q4 24 | $3.8B | $2.9B | ||
| Q3 24 | $4.0B | $2.9B | ||
| Q2 24 | $4.1B | $2.8B | ||
| Q1 24 | $4.1B | $2.8B |
| Q4 25 | $10.1B | $5.1B | ||
| Q3 25 | $10.2B | $5.1B | ||
| Q2 25 | $10.1B | $4.8B | ||
| Q1 25 | $9.6B | $4.7B | ||
| Q4 24 | $9.7B | $4.7B | ||
| Q3 24 | $9.0B | $4.7B | ||
| Q2 24 | $9.2B | $4.7B | ||
| Q1 24 | $9.1B | $4.7B |
| Q4 25 | 0.48× | 0.30× | ||
| Q3 25 | 0.48× | 0.34× | ||
| Q2 25 | 0.44× | 0.29× | ||
| Q1 25 | 0.43× | 0.30× | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 0.22× | — | ||
| Q1 24 | 0.28× | 0.43× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $105.3M | $122.1M |
| Free Cash FlowOCF − Capex | $103.8M | $99.1M |
| FCF MarginFCF / Revenue | 25.0% | 21.5% |
| Capex IntensityCapex / Revenue | 0.4% | 5.0% |
| Cash ConversionOCF / Net Profit | — | 1.81× |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | $122.1M | ||
| Q3 25 | $96.9M | $88.4M | ||
| Q2 25 | $83.8M | $120.0M | ||
| Q1 25 | $99.5M | — | ||
| Q4 24 | $78.7M | $84.0M | ||
| Q3 24 | $88.6M | — | ||
| Q2 24 | $78.6M | $97.4M | ||
| Q1 24 | $66.8M | — |
| Q4 25 | $103.8M | $99.1M | ||
| Q3 25 | $95.6M | $71.7M | ||
| Q2 25 | $81.0M | $104.3M | ||
| Q1 25 | $98.4M | — | ||
| Q4 24 | $78.3M | $73.6M | ||
| Q3 24 | $88.6M | — | ||
| Q2 24 | $78.4M | $88.4M | ||
| Q1 24 | $66.8M | — |
| Q4 25 | 25.0% | 21.5% | ||
| Q3 25 | 24.1% | 15.7% | ||
| Q2 25 | 21.1% | 23.9% | ||
| Q1 25 | 27.5% | — | ||
| Q4 24 | 21.6% | 18.7% | ||
| Q3 24 | 24.7% | — | ||
| Q2 24 | 22.8% | 21.8% | ||
| Q1 24 | 20.7% | — |
| Q4 25 | 0.4% | 5.0% | ||
| Q3 25 | 0.3% | 3.7% | ||
| Q2 25 | 0.7% | 3.6% | ||
| Q1 25 | 0.3% | 3.2% | ||
| Q4 24 | 0.1% | 2.6% | ||
| Q3 24 | 0.0% | 4.1% | ||
| Q2 24 | 0.1% | 2.2% | ||
| Q1 24 | 0.0% | — |
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.35× | 1.45× | ||
| Q3 24 | 9.94× | — | ||
| Q2 24 | 10.35× | 1.59× | ||
| Q1 24 | 2.10× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BILL
| Accounts Payable And Accounts Receivable Solutions | $185.9M | 45% |
| Spend And Expense Interchange Revenue | $166.5M | 40% |
| Interest On Funds Held For Customers | $39.5M | 10% |
| Embedded And Other Solutions | $22.8M | 5% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
